1834 Investment Advisors Co. Acquires New Stake in Dollar General Co. (NYSE:DG)

1834 Investment Advisors Co. bought a new position in shares of Dollar General Co. (NYSE:DG) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 66,808 shares of the company’s stock, valued at approximately $5,650,000.

A number of other institutional investors have also recently made changes to their positions in DG. Mirae Asset Global Investments Co. Ltd. increased its stake in Dollar General by 16.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,966 shares of the company’s stock valued at $8,890,000 after purchasing an additional 8,235 shares in the last quarter. Financial Counselors Inc. increased its holdings in shares of Dollar General by 5.4% during the first quarter. Financial Counselors Inc. now owns 2,341 shares of the company’s stock valued at $365,000 after acquiring an additional 120 shares in the last quarter. GSA Capital Partners LLP grew its stake in Dollar General by 94.2% in the 1st quarter. GSA Capital Partners LLP now owns 6,831 shares of the company’s stock valued at $1,066,000 after purchasing an additional 3,313 shares during the period. SPC Financial Inc. increased its position in shares of Dollar General by 6.1% during the 1st quarter. SPC Financial Inc. now owns 1,738 shares of the company’s stock valued at $271,000 after purchasing an additional 100 shares during the last quarter. Finally, Texas Permanent School Fund Corp raised its stake in shares of Dollar General by 1.1% during the 1st quarter. Texas Permanent School Fund Corp now owns 45,372 shares of the company’s stock worth $7,081,000 after purchasing an additional 511 shares during the period. Institutional investors own 91.77% of the company’s stock.

Dollar General Stock Down 0.5 %

Shares of NYSE:DG opened at $81.56 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22. Dollar General Co. has a 52-week low of $77.96 and a 52-week high of $168.07. The firm has a market capitalization of $17.94 billion, a P/E ratio of 12.66, a P/E/G ratio of 2.39 and a beta of 0.45. The stock has a 50 day moving average price of $83.61 and a 200-day moving average price of $113.63.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.09). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The business had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.37 billion. During the same period in the previous year, the firm earned $2.13 EPS. The company’s revenue was up 4.2% on a year-over-year basis. As a group, equities research analysts anticipate that Dollar General Co. will post 5.86 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date was Tuesday, October 8th. Dollar General’s payout ratio is currently 36.65%.

Insider Activity

In other news, EVP Roderick J. West sold 2,510 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the transaction, the executive vice president now directly owns 9,163 shares of the company’s stock, valued at $762,819.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Roderick J. West sold 2,510 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total value of $208,957.50. Following the transaction, the executive vice president now directly owns 9,163 shares of the company’s stock, valued at approximately $762,819.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Warren F. Bryant acquired 500 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was bought at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the purchase, the director now directly owns 41,030 shares of the company’s stock, valued at approximately $3,298,812. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.49% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DG. The Goldman Sachs Group decreased their price objective on shares of Dollar General from $169.00 to $122.00 and set a “buy” rating for the company in a report on Friday, August 30th. Sanford C. Bernstein started coverage on shares of Dollar General in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $98.00 price target on the stock. Wells Fargo & Company reduced their price objective on Dollar General from $145.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, August 27th. Raymond James dropped their price target on Dollar General from $150.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Finally, Citigroup downgraded shares of Dollar General from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $91.00 to $73.00 in a report on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $107.05.

Dollar General Company Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.